British retailer Marks & Spencer survived a big shareholder rebellion over its management succession plan on Wednesday 8 July, as 38 percent of investors called on Stuart Rose to stand down as chairman earlier than en...
The board of Britain's Marks & Spencer is expected to be on the receiving end of a big investor revolt for the second year in a row when shareholders meet for the retailer's annual meeting on Wednesday 8 July.
Retailer Marks & Spencer is expected to post an improving sales trend for its first quarter, but its trading update will be overshadowed by a growing row over the future of executive chairman Stuart Rose.
Retailers are experiencing the worst economic downturn in living memory, according to a straw poll of delegates at the World Retail Congress in Barcelona. But some of them are seeing signs that recovery is on the way.
Demand for affordable designer clothes, such as a 60 pound ($87) leopardskin print dress by Julien Macdonald, helped retailer Debenhams beat first-half profit forecasts and eased fears about its debts.